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Jefferies & Company maintained its Hold Position and Price Target of $80 on shares of McDonalds(
MCD).
Jefferies reported,"We recently spent time with investors at MCD headquarters, meeting with CFO Pete Bensen & APMEA CFO Dave Garland. We came away with increased confidence in the US & APMEA businesses as domestic SSS start to benefit from
flattening check average and Japan starts to recover. N-T we see opportunities for margin-positive chicken line extensions, while bigger new product news likely in '12/‘13. We rate MCD Hold with $80PT."
Shares of Mcdonald's Corp closed at 78.31 on Friday.
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Posted In: Analyst ColorAnalyst RatingsConsumer DiscretionaryJefferies & CoMcDonald's IncRestaurants
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